(RTTNews) - Shares of online personal styling service, Stitch Fix, Inc. (SFIX) are down more than 9% Wednesday morning on wider than expected fourth-quarter loss.
The company reported quarterly net loss of $44.47 million or $0.44 per share compared with earnings of $7.18 million or $0.07 per share. Analysts polled by Thomson Reuters were expecting the company to report loss of $0.16 per share for the quarter.
Quarterly revenue on an adjusted basis, however, rose 11% year over year to $443.4 million.
SFIX is currently trading at $28.31. It has been trading in the range of $10.90- $31.60 in the past one year.
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